DC METRO REAL ESTATE

Serving the Real Estate needs of the communities of Manassas, Bristow, Haymarket, Warrenton, Gainesville and Culpeper  in Northern Virginia


Dave Scardina  
Broker / Owner

703-829-SOLD

866-909-0900

Haymarket Condos / Buyer Seller Tips

Haymarket-Home of Their Dreams


Ever think you would like to build your own Haymarket home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Haymarket.

Haymarket Home Improvement


Don't underestimate how much projects will cost. Expenses usually are added, not subtracted. Homeowners, even Haymarket homeowners, routinely go 20% to 30% over budget. Remember, it is common to under budget cost and time.

When remodeling for resale, don't waste time with renovations that won't pay off. If you must have a pool, you still may have to lower your expectations on who will be interested in buying. The National Association of Realtors/Remodeling magazine study has identified four renovations that show the greatest return at resale: improvements to siding, windows, kitchens and bathrooms. Remember you have a lot invested in Haymarket.

Haymarket Real Estate Cycles


What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Haymarket is no different than most, although the Haymarket market does have it's own special circumstances.

Want to get a clear and up-to-date picture of the Haymarket real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.


Haymarket. How Much Should You Offer?


Or more precisely, what does the seller owe on the property. If a seller owes $400,000 on the Haymarket real estate he or she is not likely to welcome an offer for $350,000. If you want to negotiate price, make sure you dont waste your time negotiating where there is no room to budge.

Even if the loan is high, if the seller is in default there is a possibility of a short sale as many lenders will reduce the loan balance in order to move the property. Most lenders do not want to foreclose and manage homes and the Haymarket market is no exception.


Choosing Your Haymarket Neighborhood


The fact is that much of the value of Haymarket and real estate in general rests in its surrounding economic and social environment, which means its neighborhood. In addition to being located in the right neighborhood, the Haymarket that you buy must not clash with its surroundings. To picture what we mean here, visualize the most expensive home you can imagine and then place it in the middle of a run down neighborhood. Not so desirable is it?

To sum up, the Haymarket that you buy gets its value from a combination of the homes location and its size, style, age and amenities. You can change the homes size, style and amenities but you are stuck with the location.

Haymarket ADVANTAGE


The advantages of buying in any particular city or area depend on the buyers individual needs. Factors include proximity to schools, work, shopping, recreation, cultural opportunities and health care. Affordability is another important factor. So your first step in considering Haymarket or any other city is to determine which of your needs are met and which are not met.